Real Estate Surveys on the Condo Market-Can You Rely on Them?

22 December 2010
Remax-Condos-Plus

 In the past month, I have been asked by a research company, a big five accounting firm, and an economics group to participate in real estate surveys. Each survey was 20 minutes long. Two would be over the phone and one was an email questionnaire


Tracking the Canadian Real Estate Market

15 December 2010
Remax-Condos-Plus

 In the past month, I have been asked by a research company, a big five accounting firm, and an economics group to participate in real estate surveys. Each survey was 20 minutes long. Two would be over the phone and one was an email questionnaire.


Why Condo Prices are Rising Today

20 October 2010
Remax-Condos-Plus

The Bank of Canada and most experts are blaming low mortgage interest rates for the stampede to the market by buyers which has seen condo (and most Toronto area markets) experience prices rising by more than 1% per month.

  Condos

Condo and Real Estate Markets Defy Experts

06 October 2010
Remax-Condos-Plus

We have been tracking sales since July – the month that Armageddon was supposed to hit the real estate market. Sure sales volumes dropped significantly from June.


New Condos Versus Resale Condos, Which is Better to Buy?

23 September 2010
Remax-Condos-Plus

The whole focus of media today is whether buying a condo is a good investment or not. Since real estate investment has outperformed the stock market in the last ten years, investment gurus have been desperate to down play real estate (vested interest?) and try to outdo each other with predictions of a real estate bubble.


Pros and Cons of Selling Assignments

19 September 2010
Remax-Condos-Plus

ROS AND CONS TO SELLING BEFORE REGISTRATION - ASSIGNMENT: 1. The 'first buyer' will save the Land Transfer Tax with a transfer of their 'interest'. 2. The 'first buyer' will usually have to pay either an admin or transfer fee to the developer for the right to transfer their 'interest'.


New Condo Market is Changing in Toronto

14 September 2010
Remax-Condos-Plus

 While new condo developments continue to sell out, the buyer mix is changing. Developers think they know their buyers but they don’t! Most buyers for new projects are brought in by real estate agents – they don’t just show up at the new sales centre.


4 Reasons Why Economists Can't Forecast the Real Estate Market

10 September 2010
Remax-Condos-Plus

THERE IS NO SUCH THING AS A ‘NATIONAL’ REAL ESTATE MARKET Economists like to talk about a national market because it makes good media copy. Unfortunately, the last time we checked, housing is not a moveable product. And people don’t move across Canada much either


If You Want to Lose Money In Real Estate, Follow Baby Boomer Media!

09 September 2010
Remax-Condos-Plus

On Monday we were saturated in the newspapers and on TV by forecasts of a 10% decline in real estate values which would then be followed by a stagnant real estate market for the next few years. This delivered from the mouths of bank economists.


Why are We Not Surprised That The Real Estate Market is Slowing?

25 August 2010
Remax-Condos-Plus

emember when the economy was growing nicely in the first quarter of the year and everyone was excited? Now the economy has stalled and we have net job losses in July! What’s the problem you ask?